Looking to diversify beyond CMF? The ETFs below have historically moved differently from CMF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CMF
911 ETFs have low correlation with CMF (below 0.3), 113 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.18 | -0.10 | 72 | Oil & Gas | CMF vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.17 | -0.11 | 52 | Oil & Gas | CMF vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.17 | -0.11 | 58 | Oil & Gas | CMF vs DBO | |
| United States Oil Fund LP | -0.34 | -0.17 | -0.11 | 55 | Oil & Gas | CMF vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.14 | -0.07 | 67 | Commodities | CMF vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.09 | 0.04 | 0.08 | 56 | Technology | |
| Intel Corporation | 0.12 | 0.08 | 0.11 | 98 | Technology |
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